Profits have dipped at application infrastructure software firm BEA Systems as expenses and charges hit its fourth quarter earnings figures.
BEA Systems posted profits of $35.4m (£20.3m) in its fourth quarter results, down from $41.6m in the same quarter last year.
But the company said figures excluding certain acquisition-related expenses and other charges showed a more positive $48.7m profit, up 8% from $45.2m a year ago. The expenses include one-off $6.7m net tax payment principally associated with repatriation of foreign-earned income under the American Jobs Creation Act, the results show.
Total revenues for the quarter were $341.4m, up 17% year on year. Revenue from licence fees rose 18% to $155.9m, while services revenue went up 17% to $185.6m.
Alfred Chuang, chairman and chief executive, said, “For the third consecutive quarter, our year-over-year licence revenue growth rate accelerated. We believe our momentum is continuing in the first quarter, where we expect a double-digit year-over-year licence revenue growth rate.”
He highlighted the firm’s double-digit organic growth rate, boosted by its new Aqualogic product line, adding that the Weblogic Server business had continued to grow faster than industry analysts' projections for the application server market.